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0 sats \ 0 replies \ @Voldemort 27 Dec 2023 \ on: Wrong? Early? I’m Not Sure econ
I predicted inflation correctly. That was easy though. Production declined and the government sent people checks. Inflation was the only possibility. In hindsight, that is the only prediction I made. I debated a "doomer" several times that we were not going to experience hyperinflation this year, so if that counts as a prediction I guess I was correct.
Here is the thing about people predicting recessions, depressions, economic chaos and etc. - eventually they will be right. They might be wrong for 10 years, but once there is a recession they always act as if they are some sort of economic prophet despite being wrong more often than they are correct. Predicting a recession in the future is literally the easiest thing one can do. It will happen eventually. Meanwhile, people with opposing views would be correct the majority of the time and wrong once. Somehow "doomers" give more credence to the people who are wrong more often than right.